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12 September 2024 | 17 replies
Where does it mention that rate consistency will help your ranking?
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13 September 2024 | 12 replies
Just in maintenance, PM, and vacancy expenses the $1800 is mostly gone... not to mention landscaping, snow removal, insurance, prperty taxes, cap ex, etc...
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12 September 2024 | 9 replies
I’m not sure how to judge all those characteristics you mentioned before but I’ve been feeling pretty confident about the mortgage agent and their work.
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11 September 2024 | 18 replies
This safe harbor generally allows you to expense items under $2,500 per invoice or item, but since your fence replacement exceeds this threshold, it doesn’t qualify.As Michael mentioned, for the tax year 2024, you could potentially take advantage of a 60% bonus depreciation if you conduct a cost segregation study for your property.
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12 September 2024 | 7 replies
As it was mentioned before, Katy, Cypress, Sugar Land are more family oriented and probably better suited to rent it as a whole house.
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12 September 2024 | 4 replies
You mentioned $25,000, but you’ll need to spread that over multiple years unless you're using other strategies.Five-Year Rule: The converted amount will need to stay in the Roth for five years before you can withdraw it without penalty.
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11 September 2024 | 0 replies
The broker mentioned that the co-op will be dissolved upon sale.
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11 September 2024 | 8 replies
@Jonathan Klemm thanks for the mention@Ali Farhat Jonathan is correct that you may still have some opportunity depending on the Zoning designation for the lot, and how many existing units are Legally Recognized by the City.You can Check the Zoning Designation here on the Chicago Zoning MapFrom there, you need to check the requirements for your lot based on the Chicago Zoning Ordinance (Note: RS-3 does not mean 3 Units.
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13 September 2024 | 12 replies
Buying a Bed and Breakfast with potential for events and short-term rentals (STRs) can be a fantastic investment, but as you mentioned, with the market saturation and seasonal challenges, it's important to run the numbers carefully.
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12 September 2024 | 4 replies
Then there's other factors to success especially in a heavy lift like this, some of the most important in my opinion are Being on site regularly to manage the contracting processHaving a lot of cash reserves - 'a lot' imo would depend on how thorough your current bids are and how old the property isYou mentioned it's bleeding cash now, whatever your timeline is for the property bleeding I'd double it and see if it still makes sense.